The global firearm lubricants market is anticipated to reach US$ 302.2 million in 2022. Increased demand for weapon lubricants is predicted to result from the growing need for lubricants for firearms with low volatile organic compounds (VOCs). With a CAGR of 2.6% from 2023 to 2033, it is anticipated to have produced US$ 401.3 million by 2033.
Firearm lubricants are required to make sure that firearms function as intended. Modern weapon lubricants have high heat as well as burn-off resistance, which helps prevent corrosion and unstick stuck components and actions. The smooth operation of the cannon is aided by a variety of environmental conditions, such as exposure to saltwater spray, low temperatures, and tiny particles. Modern gun lubricants help extend the time that the weapon stays cool and clean.
Firearm lubricants are primarily used with small arms, such as assault rifles, pistols, and machine guns. Guns can only function properly with the help of firearm lubricants, which prevent wear, overheating, and malfunction. Gun lubricants could be used in heavy artillery and other big weapons with additional product research and development. They may accommodate the greatest potential in the intended application in the worldwide market for firearm lubricants if a wide variety of applications are found through careful analysis.
Get an Exclusive Sample Copy of the Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-8630
The introduction of novel firearm lubricants having advanced features, such as bio-lubricants, would increase the market’s competitive advantages over the competitors from 2023 to 2033. The market for firearm lubricants will continue to rise due to the growing demand for firearm lubricants that contain minimal volatile organic compounds (VOCs).
Key Takeaways:
- Sales of firearm lubricants increased at a CAGR of 1.82% between 2018 and 2022.
- With a projected 54% revenue share in 2022, the bio-based sector will undoubtedly dominate the type segment for firearm lubricants.
- During the projection period, oils will rule the market for firearm lubricants and are expected to reach a market share of 26% in 2023.
- With a nearly 45% market share in 2022, the United States is expected to continue to be one of the most lucrative and lucrative markets over the projected period.
- A significant portion of the South Asia & Pacific firearm lubricants market, at 32% in 2022, is in India.
“The military & defense sector’s rising demand is anticipated to have a significant positive impact on the global market for firearm lubricants. Manufacturers in the market for firearm lubricants are concentrating on taking advantage of openings in Asia,” – remarks an analyst at FMI.
Competitive Landscape:
The market for gun lubricants is moderately competitive. Some of the industry players are concentrating on selling weapon lubricants to individual gun owners online. Prominent players in the firearm lubricants market are:
- Lucas Oil Products Inc.
- ITW-ROCOL
- L&R Ultrasonics
- Amsoil Inc.
- MPT Industries
- G96 Products Inc.
- Radco Industries, Inc.
- Pacific Specialty Oils
- Ballistol
- Renewable Lubricants Inc.
- Militec Inc.
- Pro-Shot Products Inc.
- Liberty Gun Lubricants
- Clenzoil
- Taurus Petroleums Private Limited
Drive Your Business Growth Strategy: Purchase the Report for Key Insights! https://www.futuremarketinsights.com/checkout/8630
Some key developments:
- Hydraulic oil, turbine oil, gear oil, stationary engine oil, coolant, compressor oil, grease, and flushing and cleaning chemicals are all part of the AMSOIL Industrial product line. Heat-transfer fluid, process fluid, cutting and grinding fluid, and other speciality fluids are added to that list.
- The biodegradable Bio-E.P. Gear Oils are offered by Renewable Lubricants, a business that specializes in oil and lubricants for construction-related vehicles and machinery. These oils are intended to lubricate spur, bevel, helical, and worm gears that experience severe loading or shock loads in heavy-duty uses. The performance criteria of U.S. Steel 224, DIN 51517 Part 3, David Brown DB S1.53.101, ISO 12925-1 CKD, and Cincinnati Machine are met or exceeded by these ecologically friendly formulas.
Key Segments Profiled:
By Type:
- Mineral Oil Lubricants
- Synthetic Lubricants
- Bio-Based Lubricants
By Form:
- Liquid
- Grease
- Dry
By Application:
- Barrel Lubricants
- Bolt and Slide Lubricants
- Trigger and Action Lubricants
- Rust Inhibitors
By End-Use:
- Military and Law Enforcement
- Sporting and Hunting
- Civilian and Self-Defense
- Competition Shooting
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube